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Grading Draghi’s Competitiveness Report: A Dismal D

Grading Draghi’s Competitiveness Report: A Dismal D

by Dan Mitchell | Sep 10, 2024 | Big Government, Blogs, Europe

Less than two weeks ago, I wrote about anemic economic performance in Europe. So I was very interested to see that the European Commission just issued a report about improving European Competitiveness. Spearheaded by Mario Draghi, the former...
Foreign Aid Is a Failure

Foreign Aid Is a Failure

by Dan Mitchell | Aug 28, 2024 | Big Government, Blogs, Government Spending

When debating my left-leaning friends about economic policy, I often hit them with my “never-answered question” by asking them to name any country, at any point in history, that became rich with big government. They usually evade the question, though some of them...
Bolivia, Statism, and Stagnation

Bolivia, Statism, and Stagnation

by Dan Mitchell | Aug 26, 2024 | Big Government, Blogs, Economics, Socialism

When I write about South America, it’s almost always to cite developments in Chile, Argentina, and Venezuela. That’s because those countries clearly show, respectively, the consequences of good, bad, and terrible economic policies.* Today, though,...
Chicago’s Recipe for Fiscal Crisis

Chicago’s Recipe for Fiscal Crisis

by Dan Mitchell | Aug 21, 2024 | Big Government, Blogs

What’s the most poorly governed city in the United States? Is it  San Francisco, Detroit, New York City, Minneapolis, or Seattle? How about none of the above. At least if we care about empirical research. In 2019, I shared a...
The Economic Cost of Ever-Growing Government

The Economic Cost of Ever-Growing Government

by Dan Mitchell | Aug 19, 2024 | Big Government, Blogs, Economics, Government Spending

It’s been a while since I shared this video about the Rahn Curve (or Armey-Rahn Curve), so let’s watch this Golden Oldie from 2010. The insight of the Rahn Curve (sort of a spending version of the Laffer Curve) is that economic performance declines once government...
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